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OUT (Outfront Media) E10 : $0.26 (As of Sep. 2024)


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What is Outfront Media E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Outfront Media's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.26 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Outfront Media's average E10 Growth Rate was -45.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2024-12-13), Outfront Media's current stock price is $18.82. Outfront Media's E10 for the quarter that ended in Sep. 2024 was $0.26. Outfront Media's Shiller PE Ratio of today is 72.38.

During the past 13 years, the highest Shiller PE Ratio of Outfront Media was 73.88. The lowest was 17.10. And the median was 29.08.


Outfront Media E10 Historical Data

The historical data trend for Outfront Media's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Outfront Media E10 Chart

Outfront Media Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.84 0.86 0.46

Outfront Media Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.46 0.44 0.52 0.26

Competitive Comparison of Outfront Media's E10

For the REIT - Specialty subindustry, Outfront Media's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Outfront Media's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Outfront Media's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Outfront Media's Shiller PE Ratio falls into.



Outfront Media E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Outfront Media's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.19/133.0289*133.0289
=0.190

Current CPI (Sep. 2024) = 133.0289.

Outfront Media Quarterly Data

per share eps CPI Adj_EPS
201412 0.230 99.070 0.309
201503 0.010 99.621 0.013
201506 0.160 100.684 0.211
201509 0.150 100.392 0.199
201512 -0.540 99.792 -0.720
201603 -0.020 100.470 -0.026
201606 0.210 101.688 0.275
201609 0.280 101.861 0.366
201612 0.190 101.863 0.248
201703 0.020 102.862 0.026
201706 0.270 103.349 0.348
201709 0.360 104.136 0.460
201712 0.250 104.011 0.320
201803 0.060 105.290 0.076
201806 -0.040 106.317 -0.050
201809 0.330 106.507 0.412
201812 0.400 105.998 0.502
201903 0.040 107.251 0.050
201906 0.350 108.070 0.431
201909 0.270 108.329 0.332
201912 0.310 108.420 0.380
202003 0.040 108.902 0.049
202006 -0.440 108.767 -0.538
202009 -0.140 109.815 -0.170
202012 0.020 109.897 0.024
202103 -0.520 111.754 -0.619
202106 -0.050 114.631 -0.058
202109 0.180 115.734 0.207
202112 0.410 117.630 0.464
202203 -0.040 121.301 -0.044
202206 0.280 125.017 0.298
202209 0.230 125.227 0.244
202212 0.340 125.222 0.361
202303 -0.190 127.348 -0.198
202306 -2.920 128.729 -3.018
202309 0.090 129.860 0.092
202312 0.350 129.419 0.360
202403 -0.180 131.776 -0.182
202406 1.010 132.554 1.014
202409 0.190 133.029 0.190

Add all the adjusted EPS together and divide 10 will get our e10.


Outfront Media  (NYSE:OUT) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Outfront Media's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.82/0.26
=72.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Outfront Media was 73.88. The lowest was 17.10. And the median was 29.08.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Outfront Media E10 Related Terms

Thank you for viewing the detailed overview of Outfront Media's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Outfront Media Business Description

Traded in Other Exchanges
Address
90 Park Avenue, 9th Floor, New York, NY, USA, 10016
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.
Executives
Clive A. Punter officer: EVP and Chief Revenue Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Patrick Martin officer: SVP, Controller, CAO 405 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10174
Jeremy J. Male officer: Chief Executive Officer C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10019
Richard H. Sauer officer: EVP, General Counsel & Sec. C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10019
Peter Mathes director C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Pep Viii-a Aiv Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii (scotland) Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii-a Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Gp Llc 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Co-invest Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Michael J Dominguez director C/O PROVIDENCE EQUITY PARTNERS, INC., 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Gp Viii (scotland) L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Partners Viii-a L.p. 10 percent owner PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Partners Viii (scotland) L.p. 10 percent owner PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, PROVIDENCE RI 02903